Wyckoff Strategies & Techniques
Wyckoff Strategies & Techniques “Finding and Trading Winning Stocks”
A Training Tool for the Serious Wyckoff student.
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This beautiful hardcover book teaches traders about all the Wyckoff trading strategies in 11 chapters and contains over 50 up to date charts.
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Why You Should Read This Book
During the first third of the 20th century, Richard D. Wyckoff (1873 – 1934) was an extremely successful trader in stocks, bonds and commodities. As his wealth increased he turned his attention to understanding how the financial markets behaved and the forces that made them move.
Wyckoff believed that markets are made by the minds of men and that all the fluctuations in the market should be studied as if they were the result of one man’s operation. He called this his Composite Man theory.
He also felt that the best way to make money in the financial markets was to identify which stocks had attracted professional interest. Then, using his technical trading strategies and techniques, he would wait until he saw the professionals were ready to move a stock, bond or commodity. This was the time to take a position.
In Wyckoff’s day the professionals were the great speculators like Jay Gould, Jesse Livermore and James Keane. Today they are hedge, mutual and pension funds, along with other major financial trading institutions.
The players may have changed, but Wyckoff strategies and techniques work as well today as they did 100 years ago.
The Wyckoff’s concepts remain as valid today as they did in the first third of the 20th century, when Mr. Wyckoff was actively trading. The fact that these strategies work as well today as they did 100 years ago is testament to their validity in our different and ever-changing markets.
While the basic precepts have not changed, several important enhancements have been made to the Wyckoff strategies and techniques. These include the Optimism – Pessimism Index, The Force Index and Technometer. These important trading tools help Wyckoff students better identify turning points and the relative strength or weakness of both rallies and reactions.
This book studies the basic Wyckoff concepts and principles and then shows students how to get the most out of their Wyckoff Tool Kit.
Unlike many publications of this nature, I have not tried to find the perfect chart that portrays the Wyckoff principle that is being studied. In the real world, those perfect charts are often not quite so perfect. However, the Wyckoff principles, discussed in this book, appear on vertical line and point and figure charts every day. It’s simply a matter of an intelligently studying each chart, looking for and validating these important Wyckoff concepts.
My purpose in writing this book is to share, in a more pragmatic manner, how the Wyckoff strategies and techniques work and more importantly, how you can profit from them.
I have learned many of these lessons through trial and error and as a result have paid a bit of tuition to the “University of Wall Street”. I hope this book substantially reduces yours – Author Jim O’Brien
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